CAI is reporting ok numbers and if they keep ramping up they may turn it around. But the SP may not go much higher than 20c as CAI's hedges are some of the worst in the industry.
Their AISC is higher than the hedges. But AISC came down fair bit and if CAI can drop it bit more then they will be making small profit even on the hedges which will be huge improvement when considering CAI losses money on the hedges right now.
But ALK's position in CAI may improve. CAI may still be good m&a target if ALK can consolidate more ground around CAI's plant but right now ALK is also cash strapped.
CAI is reporting ok numbers and if they keep ramping up they may...
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Last
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $269.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 46.0¢ | 42.0¢ | $600.8K | 1.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21499 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 70077 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |